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Answers by Nkolika Saintelus
1 answers · 5 pts
Capital gains tax- how long can I wait to buy a home?
Asked by Darrel | Raleigh, NC | 07-26-2023
Nkolika Saintelus08-08-2023 (2 years ago)
If you have owned and occupied your property for at least 2 of the last 5 years, you can avoid paying capital gains taxes on the first 250,0000 for Singles. Deferring Capital Gains Tax: Buying another home after selling an investment property within 180 days can defer capital gains taxes.